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Daily Cryptocurrency News Round-Up: April 15, 2022

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Arista Token Is On The Rise — Get In On The ICO presale Now!

  • Arista crypto has begun to reach new heights, due to the trust and support from its users.
  • The volatility of the cryptocurrency world is no secret to anyone, and Arista has made its presale available to anybody who wants to take part in it.
  • The system will initially be administered by the management and our team but the team hopes to hand over complete control to the users so that they can enjoy every service properly.
  • To enable cross-chain crypto trading, as well as sourcing funding from a variety of liquidity sources so that trade and token swaps can be conducted at a competitive price, it is being established and developed.
  • The buyers can easily apply for ExchangeMyTokens between 13 April to 27 April on the official website of Arista Crypto.
  • Many institutions are showing their interest to buy Arista Crypto, because of the potential capital increase in the long term.
  • The goal of the token comic analysis is to understand the potential value of a DeFi project by considering all aspects of a token’s creation and management including its supply, allocation, and distribution.

Read more about the ICO here.

Lazarus Group and APT38 Identified as North Korean Hackers Responsible for $25.5 Million Crypto Heist

  • The FBI has linked North Korean hackers to the March cryptocurrency heist that targeted the Axie Infinity game.
  • The Ronin network allows users to transfer crypto in and out of the game and was exploited by the hackers.
  • Lazarus Group and APT38, cyber actors associated with North Korea, are responsible for the theft, according to the FBI.
  • North Korea has relied on illicit activities, including cybercrime, to generate revenue for its weapons of mass destruction and ballistic missile programs.
  • The US is pushing the UN Security Council to blacklist the Lazarus Group and freeze its assets.

Nexo CEO: Bitcoin could hit $100,000 ‘within 12 months’

  • The CEO of crypto lending firm Nexo has predicted that Bitcoin could hit $100,000 within a year.
  • Antoni Trenchev told CNBC that he thinks the worlds biggest cryptocurrency can surge above $100,000within 12 months.
  • Trenchev said hesworried about bitcoins shortterm prospects, suggesting it may fall in tandem with traditional financial markets as the Federal Reserve starts unwinding its massive monetary stimulus program.
  • Trenchev added that acrash in stocks would likely mean the U.S. central bank eventually goesback to easing in no time, which couldgive further impetus to crypto.
  • If Trenchevs forecast is correct, that would mean bitcoins price would have to more than double this year.
  • Crypto believers say the market has matured, and that theres ample liquidity now that major Wall Street institutions like Jump Trading and Jane Street are flocking to digital assets.
  • Meanwhile, cryptowhales like Do Kwon, the cofounder of blockchain firm Terra Labs, are buying up millions of dollars worth of bitcoin in the belief that it could become a futurereserve currency.
  • But there are some headwinds for the market, including the global regulatory environment which remains fragmented, and the crypto market which still remains volatile.
  • Ardoino said bitcoin could fall sharply below $40,000 but he expects by digital currency will bewell above $50,000 by the end of the year.

How to Continue Trading Cryptocurrency When UPI and Other Services are Disabled

  • Recently, after the National Payments Corporation of India (NPCI) put out a statement saying that they were not aware of any virtual digital asset exchange using UPI for transactions, some crypto exchanges disabled UPI and other services.
  • This means that investors who want to continue trading will have to utilize peertopeer (P2P) transactions.
  • P2P is a wallettowallet transfer; no exchange is involved.
  • In the P2P method, the crypto exchange matches the buyers transaction with a willing seller. Once the transaction is confirmed by the buyer, the seller transfers the token to the exchange that acts as an escrow.
  • The buyer is now required to pay directly to the seller (instead of recharging or loading money in their exchangelinked accounts). The transaction is settled when the seller confirms receiving the money and the exchange then transfers the token to the buyers wallet.
  • While P2P is an option for crypto investors who are keen to continue trading, the avenue has risks that investors must be aware of. For starters, the P2P accounts may not be KYC compliant.

Amazon sees potential in cryptocurrency and NFTs, despite not yet accepting them as payment.

  • Amazon CEO Andy Jassy believes in the potential of cryptocurrency and nonfungible tokens (NFTs).
  • Jassy said he does not hold any Bitcoin or NFTs but is quite optimistic about the future of cryptocurrencies and NFTs.
  • Jassy affirmed that Amazon will accept cryptocurrency as a mode for payments of products on its platform.
  • On being asked whether Amazon might one day sell NFTs, Jassy responded,I think its possible down the road on the platform.
  • The ecommerce giant has been hiring crypto developers are experts for several divisions of the company.
  • NFTs have exploded in popularity with tech evangelists and celebrities jumping into the crypto bandwagon.
  • According to nonfungible.com, trading in NFTs hit $17.6 billion last year, a spike of 21,000 per cent from 2020.


Elon Musk: Get rid of crypto scam bots for a better Twitter experience

  • Elon Musk has offered to buy the microblogging site Twitter and has been discussing various ways he plans to improve the platform.
  • At a TED conference held in Vancouver on Thursday, Musk informed the audience that if his bid to acquire Twitter was accepted, he would consider modifying the platform‘s approach to controversial and problematic content, including tweets by crypto scam bots.
  • Musk explained that scam bots are extremely rampant on the microblogging site, and he used an interesting analogy to drive his point home.
  • Musks mention of the meme coin caused a brief rally in the price of the token.
  • Dogecoin also showed a brief uptrend last week when Elon suggested integrating Dogecoin as a payment option on Twitter Blue.
  • The asset management firm increased its holdings to over 10 per cent, making them the majority shareholder in the microblogging site.


Dogecoin Prices Up While Other Top Cryptocurrencies Slip

  • The global cryptocurrency market cap decreased by 3.13% over the last day to $1.86 trillion.
  • The total crypto market volume over the last 24 hours decreased by 4.96% to $77.31 billion.
  • The total volume on DeFi was $10.12 billion, which is 13.08% of the total crypto market 24hour volume.
  • Stable coins volume was $60.76 billion, which is 78.58% of the total crypto market 24hour volume.
  • Bitcoins dominance as top crypto asset decreased slightly by 0.16% over the last day at 40.77%.
  • The overall Bitcoin price has decreased by 8.26% in the last 7 days, according to the data on CoinMarketCap website. In the last 24 hours, Bitcoin price decreased by 3.25%.
  • Prices of several other top crypto assets have also decreased in the last 24 hours.
  • Ethereum (ETH): Ethereum price decreased by 3.43% to $3024.97 in the last 24 hours. In the last 7 days, ETH price has decreased by 7.12%.
  • Binance (BNB): Binance coins price decreased by 2.48% to $414.91 in the last 24 hours. In the last 7 days, BNB price has decreased by 5.64%.
  • XRP: XRP coins price increased by 2.07% to $0.7499 in the last 24 hours. In the last 7 days, XRP price has decreased by 5.01%.
  • Solana (SOL): Solana price was down 5.43% to $100.85 in the last 24 hours. In the last 7 days, SOL price has decreased by 17.01%.
  • Cardano (ADA): Cardano tokens price decreased by 4.06% to $0.9401 In the last 24 hours. In the last 7 days, ADA price has decreased by 14.01%.
  • Terra (LUNA): Terra coins price decreased by 8.03% to $81.82 in the last 24 hours. In the last 7 days, LUNA price has decreased by 22.69%.
  • Avalanche (AVAX): Avalanche tokens price decreased by 4.75% to $77.61 in the last 24 hours. In the last 7 days, AVAX price has decreased by 12.86%.
  • Dogecoins (DOGE) prices increased by 1.03% in the last 24 hours while Shiba Inu (SHIB) price decreased by 2.57% over the last day.


Crypto NOT Making Much Headway in Helping the Underbanked

  • Crypto has yet to make substantial inroads as a usable currency due to a lack of userfriendly apps and tools.
  • Traditional financial institutions are slothlike in comparison to cryptocurrency technology.
  • Crypto technology offers hope for the underbanked, but the companies behind crypto have failed to provide userfriendly apps, educational resources and other tools.
  • Bitcoin‘s volatility is discouraging to potential users.
  • What can crypto provide if the controls are hard to use and those who might use it don‘t have enough willing partners to make the system work?
  • Financial services organizations and policy makers would do better focusing on widening access to the services that the underbanked need to conduct transactions.
  • Underserved communities need help now, and whether this assistance is rooted in fiat currency and central banking systems should not hamstring the process.
  • Crypto is more of an investment class than a payment method or new banking system.

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